Ukraine: metal output down in April 2017

In April Ukraine decreased steel output by 28.6% YoY, to 1.572 million tons. Pig iron output dropped by 30.1%, to 1.443 million tons. Rolled metal production decreased by 31.9%, to 1.341 million tons. In January-April Ukraine decreased steel production by 15.8% YoY, to 6.975 million tons, pig iron by 20.1%, to 6.324 million tons, rolled…

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Kyrgyzstan: 20 companies lose licenses to develop coal deposits

About 20 companies lost their licenses to develop deposits. The decision was made by the State Committee of Industry, Energy and Subsoil Use. The licensing commission suspended the development of four coal deposits: Kok-Yangak, Kozhokelen (the section of Torpu), Suluktinskoye, and Turuk. “United Coal Company” lost two licenses for Karatutskoye field. “Altyn-Beshikkomur” LLC was deprived…

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Ukraine: Metinvest EBITDA up in February 2017

In February Metinvest increased EBITDA 3.6-fold YoY, to $151 million.

According to the company statement, the result is down by 2.6% MoM.

The group revenues in February increased by 40.6% YoY, to $592 million, but decreased by 1% MoM. (Ukrainian metal)

Russia: Norilsk Nickel announces preliminary consolidated production results for Q1 2017

Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the first quarter of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the Q1 production results: “The decline in metal production volumes in the first quarter was scheduled as it was resulting primarily from…

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